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Mortgage Bytes

  • Renewal At mortgage renewal time don’t just sign your bank’s renewal form!  The Nanaimo Bulletin explains why.
  • Buying a 2nd home or cottage and don’t have a down payment?  MyNext Mortgage Company now offers 100% financing on leisure properties
  • Do you need to refinance an expensive house?  MyNext has eliminated their maximum mortgage amount on refi’s.  You can borrow up to 95% of the home’s value.  MyNext mortgages are only available through Mortgage Architects planners.  Call us for more information.
  • The average CHIP reverse mortgage client is 73, stays in his/her home for 10-12 years, and borrows 30% of their home equity.  (Financial Post)